Getty signs a licensing deal with OpenAI, letting its image library appear in ChatGPT's search and discovery features; GETY jumps 150%+ pre-market
Shares of Getty Images Holdings Inc. jumped about 200% in premarket trading on Monday after the photography repository announced a licensing deal with OpenAI.
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Getty Inks OpenAI Deal, Stock Explodes 200% in Premarket
Getty Images scores a licensing deal with OpenAI to feed its photo library into ChatGPT's search features.
Getty Images just landed a massive licensing agreement with OpenAI. The deal lets Getty's vast image library surface directly within ChatGPT's search and discovery features — a potentially transformative revenue stream for the photography giant.
Wall Street noticed immediately. Getty Images Holdings (GETY) rocketed roughly 200% in premarket trading Monday on the announcement. Early indications had the stock up over 150% before climbing even higher.
The deal marks a significant shift for Getty, which has previously clashed with AI companies over the unauthorized use of copyrighted images in training datasets. Now instead of fighting, Getty is getting paid.
For OpenAI, the partnership adds a licensed, professional-grade image catalog to ChatGPT's capabilities — bolstering its search product with legitimate visual content rather than navigating murky copyright waters.